| Product Code: ETC274705 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Thailand foundry market is experiencing moderate growth, driven by the demand for cast metal products in various industries, including automotive, aerospace, and manufacturing. Foundries play a crucial role in producing custom metal parts and components. The market is expected to continue growing as these industries expand and require specialized metal casting services.
The Thailand Foundry Market is influenced by the automotive, machinery, and aerospace industries. Foundry products, such as castings and forgings, play a crucial role in manufacturing various components. Economic growth, industrialization, and technological advancements in these sectors drive the demand for foundry products.
In the Foundry Market, challenges may include competition from overseas foundries and ensuring high-quality output to meet customer demands. Market players must invest in technology and quality control to remain competitive in a globalized industry.
The Thailand Foundry Market faced challenges due to the pandemic, primarily as industrial production and manufacturing activities were disrupted. With reduced demand for metal castings in industries like automotive and machinery, foundries experienced a decline in orders. However, as manufacturing picked up pace with the easing of restrictions and the adaptation of safety measures, the foundry market started to recover. The adoption of automation and technology in foundry processes also gained momentum as a response to the pandemic.
The Thailand Foundry Market is a crucial segment of the manufacturing industry. Leading players like Thai Foundry Group and Hattakit Foundry have been instrumental in driving growth and innovation within this market. These companies are renowned for their expertise in metal casting processes and their ability to deliver high-quality products to a wide range of industries, including automotive, aerospace, and machinery manufacturing.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Foundry Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Foundry Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Foundry Market - Industry Life Cycle |
3.4 Thailand Foundry Market - Porter's Five Forces |
3.5 Thailand Foundry Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Thailand Foundry Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Thailand Foundry Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for metal casting products in various industries such as automotive, construction, and electronics. |
4.2.2 Government initiatives to promote the manufacturing sector and attract foreign investments. |
4.2.3 Technological advancements in foundry processes leading to improved efficiency and quality of products. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials like metal alloys and energy sources. |
4.3.2 Environmental regulations impacting foundry operations and increasing compliance costs. |
4.3.3 Intense competition from other manufacturing processes and alternative materials. |
5 Thailand Foundry Market Trends |
6 Thailand Foundry Market, By Types |
6.1 Thailand Foundry Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Thailand Foundry Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 Thailand Foundry Market Revenues & Volume, By Ferrous, 2021-2031F |
6.1.4 Thailand Foundry Market Revenues & Volume, By Non-Ferrous, 2021-2031F |
6.2 Thailand Foundry Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Thailand Foundry Market Revenues & Volume, By Electronics, 2021-2031F |
6.2.3 Thailand Foundry Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.4 Thailand Foundry Market Revenues & Volume, By Construction, 2021-2031F |
6.2.5 Thailand Foundry Market Revenues & Volume, By Industrial Machinery, 2021-2031F |
7 Thailand Foundry Market Import-Export Trade Statistics |
7.1 Thailand Foundry Market Export to Major Countries |
7.2 Thailand Foundry Market Imports from Major Countries |
8 Thailand Foundry Market Key Performance Indicators |
8.1 Scrap and rework rates: Lower rates indicate improved operational efficiency and cost-effectiveness. |
8.2 Energy consumption per unit produced: Decreasing energy consumption signifies increased sustainability and cost savings. |
8.3 Employee training hours: Higher training hours may indicate a focus on skill development and innovation within the industry. |
9 Thailand Foundry Market - Opportunity Assessment |
9.1 Thailand Foundry Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Thailand Foundry Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Thailand Foundry Market - Competitive Landscape |
10.1 Thailand Foundry Market Revenue Share, By Companies, 2024 |
10.2 Thailand Foundry Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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